Blue Ridge Beauty | 12% Interest/yr! | First Position lien available!
Blue Ridge Cabin ,Arial Boundary,Arial Shot,
We are seeking a construction loan of $160,000 to build our 3 bed 2 bath log cabin on our 3.5 acre parcel in the Blue Ridge mountains in GA.
We own the land outright – valued at $50,000 – and are looking to offer a first position lien to get this thing up and cash-flowing!
We are going to be listing it across multiple booking platforms and will actually be able to build another structure on the property – an A-frame – once this one's complete!
Lender will also be added to the insurance policy as a beneficiary, as is standard procedure, at least for us.
We need a 2 year term on interest only and can cash out refi to return principal beginning year 3, or leave the money in longer if desired by both sides. 12% is annual and will be repaid monthly.
From our numbers, we will conservatively be NET positive a minimum of $40,000/yr. on just the log cabin's income! After the A-frame is up we'll be closer to $80,000 yr. NET!
Blue Ridge Beauty | 12% Interest/yr! | First Position lien available! 0 reviewsLogin to Write Your Review
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